Yemen signs billion dollar aid package with UAE-based fund

Women hold their malnourished children at Hays Rural Hospital in Hodeida, Yemen (Hussam Al-Bakry/AP/PA)

Yemen’s government signed a deal with the Arab Monetary Fund on Sunday, state media said, paving the way for the Saudi-backed administration to receive one billion dollars (£0.8 billion) of economic aid.

The Abu Dhabi-based fund, a sub-organisation of the 22-member Arab League, will pay out the money from 2022 to 2025.